- Revenue doubled from last year to $2.1 billion
- Lyft has 39% of the U.S. ridesharing market
- Bookings increased by 76% from last year to $8.1 billion
Lyft lost $911 million in 2018 (yikes!), claiming, “We may not be able to achieve or maintain profitability in the future.” The startup is hustling to outrun growing losses, blaming competitors, bike-sharing, and electric scooter businesses.
Lyft pushed their need for self-driving cars: “If we are unable to efficiently develop our own autonomous vehicle technologies or develop partnerships with other companies…our business, financial condition and results of operations could be adversely affected.”
Image Source: Curbed